The explanation is quite simple: winding down Saab could cost General Motors between $72.5 million and $145 million, according to foxnews, which, in the context of the economic recession, is pretty unacceptable. However, Bernie Ecclestone wants to pay GM 1 dollar (one hundred pennies) and cover the other costs that might result from GM's plans.
Still, it's not clear what Bernie Ecclestone is planning to do with Saab in case the deal goes through, but the Luxembourg-based investment company he is currently backing wants to put things straight through a new offer this week.
"We will submit a clarification, regarding liquidity, cash, and other things," Lars Carlstrom, who's also involved in the negotiations, told Dow Jones Newswires, according to the aforementioned source. "We're working on it."
Meanwhile, General Motors also continues negotiations with Spyker, the Dutch carmaker who is believed to have the biggest chances to snatch Saab. "We are trying to reach agreement with GM on several outstanding issues," Spyker Chief Executive Victor Muller said in a statement.
Both parties are expecting a final decision from General Motors during the course of this week.
General Motors has already started winding down the Swedish brand and hired AlixPartners to handle the process. Two liquidators traveled to Sweden to replace Saab's CEO and board of directors in order to establish a detailed winding down plan.
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